Writings by Randall: A blog featuring industry trends, company news, and more — Hallett Philanthropy
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Writings by Randall

Posts by Randall Hallett
The True Effect of the Pandemic on Nonprofit Jobs

The nonprofit sector faces a one-million-job shortfall, highlighting a sluggish recovery from the workforce disruptions caused by the COVID-19 pandemic. Reduced funding, burnout, and recruitment challenges have hindered nonprofits' ability to rebuild their workforce, despite growing community needs. Creative solutions like wage increases, flexible work options, and increased government support are crucial to closing this gap. Without urgent action, the sector risks long-term capacity constraints, threatening its ability to deliver essential services.

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State-Level Data Privacy Laws and Nonprofits

State-level data privacy laws are rapidly evolving, creating new challenges for nonprofits. The Atlas Data Privacy Corp. v. We Inform, LLC decision shows the need for nonprofits to implement proactive safeguards to avoid negligence and financial penalties. Meanwhile, California's CCPA and its expansion through the CPRA highlight the growing influence of state regulations. To navigate this shifting landscape, nonprofits must prioritize audits, employee training, and robust cybersecurity to protect sensitive data and maintain trust.

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The Difference Between Short and Long Term "Investments" (and not in the stock market)

ROI in philanthropy is often misunderstood when it’s understood at all. A recent client case highlights this challenge, where leadership struggled to see the value in strategic investments that don't yield immediate financial returns. However, philanthropy thrives as a long-term commitment, fostering stability, mitigating risks, and compounding benefits over time. By focusing on enduring goals, nonprofits can build stronger partnerships, enhance their brand, attract top talent and ensure sustained growth and success.

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AI Detection… The Future is Here

AI's integration into education, much like the internet in the 1990s, is inevitable, but it's not without its challenges. The use of AI detection tools, while aimed at preserving academic integrity, raises concerns over privacy, accuracy, and fairness, often creating friction for students and educators alike. As we wrestle with these issues, it's clear that embracing change and adapting to new technologies is essential—resisting them only prolongs the discomfort and complexity.

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The Invaluable Role of National Parks

It’s easy to admire our national parks, particularly Rocky Mountain National Park, which exemplifies conservation and nature’s resilience. These parks are living classrooms, offering lessons in ecology and the importance of preserving biodiversity. Beyond their environmental value, they also bolster local economies and provide peaceful refuge from the bustle of modern life, underscoring their enduring significance.

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Randall Halletteconomy, health
The Shock of Property Insurance Pricing

Rising property insurance premiums are creating significant challenges for homeowners and the broader economy. Driven by natural disasters and increasing construction costs, these hikes force many to make tough financial decisions, risking their coverage altogether. This article delves into the impact on housing affordability and lending policies, highlighting the urgent need for strategies to address these complex issues. Discover how these trends could reshape the future of real estate.

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Bank Fees Gone Crazy---What Are You Supposed to Do?

A recent Bloomberg article revealed that ATM fees outside one’s bank have surged, with Atlanta's average hitting $5.66 per transaction, despite these transactions being automated. Banks are also now charging for basic services like paper statements, which feels excessive. This shift in banking revenue practices highlights a growing disconnect between banks and customer satisfaction.

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Randall Halletteconomy, value, money
Olympic Dreams Lead to Great Examples – Of Overcoming Challenges

The Olympics showcase not only physical prowess but the extraordinary resilience of athletes who overcome immense challenges to achieve greatness. Stories like Michael Phelps battling ADHD and depression, Wilma Rudolph defying polio, and Simone Biles prioritizing mental health remind us that success is defined by how we handle adversity, not just the victories themselves.

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I Simply Don't Understand

A recent article about a lawsuit in California has caught my attention. Why is the state holding on to $2 billion in federal funding to provide services for learning loss as a result of the Covid-19 pandemic? Read this blog to learn more.

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Randall Halletteducation